Cancellation of banker registration formerly applied for financial deterioration, fraud, criminal conviction, or repeated defaults, subject to written reasons. Regulation 25 concerning cancellation of a banker to an issue's registration was omitted with effect from 27 September 2002. The former framework ... Summary
Securities And Exchange Board of India (Procedure For Holding Enquiry By Enquiry Officer And Imposing Penalty) Regulations, 2002
Cancellation of banker registration formerly applied for financial deterioration, fraud, criminal conviction, or repeated defaults, subject to written reasons.
Regulation 25 concerning cancellation of a banker to an issue's registration was omitted with effect from 27 September 2002. The former framework permitted cancellation for substantial financial deterioration affecting investor interests, fraud, criminal conviction, or repeated specified defaults. Written reasons were required where cancellation was based on repeated defaults.
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